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Blueskybreakout

$SNAP Blue Sky BreakoutShould be an exciting week for Snapchat with blue sky breakout and ATHs last Friday. 100 PT magnet. I think it gets there, just a matter of when. I'm long 10/15 85C letting these profits run. Highly recommend the book by Nicolas Darvas who made $2M trading stocks just by buying box breakout stocks or "Darvas Box Strategy". We may see a retest of the box ($83 zone) before a further move up, if you're bullish and not yet long, it may be a good idea to enter at the retest (if we get one).
NYSE:SNAPLong
by FriscoTrades
S&P 1 hour. Going for new highs.S&P made a new all time high to end last week. I'm thinking it might just go ahead and run higher through this next week. If it doesn't then I will shift my bias until the market and I are on the same page, but for the moment I would be thinking blue skies above. On the far right (price) it is sideways. But in order to get to where it is now it had to break a lot of bearish obstacles. New highs means that the toughest work is behind it, even if that is only for a short while.
CME_MINI:ESM2021Long
by emehoke
4
MGA : BLUE SKY / SWING TRADEMagna has an impressive 63-year storied history which includes countless innovative collaborations within the auto industry. Over the six decades, Magna has developed the expansive core competencies across all components and manufacturing processes that make up the complete automobile. Not only does Magna have a manufacturing presence in 27 countries, they also have extensive engineering expertise in design and product development. They are a tier 1 supplier to the auto industry that really should be looked at as an automotive OEM. Magna has produced 29 models and over 3.7 million complete vehicles over the years and these aren't all just your ordinary variety of economy vehicles. In fact, Magna is the producer of the iconic G-Class Benz. Now as the World begins to take its first steps into a future where electric-powered vehicles will ultimately take over the market from the internal combustion engine predecessors, this many decades-old company is at the forefront. Remarkably, it is almost like the history and experiences that Magna has gone through over the many years was all in preparation for this moment in time. Whereas Tesla Inc. has pioneered the all-electric concept and proved to the World that mass production would be embraced, Magna is positioned to become the leader in the global scaling out. Magna has all of the pieces in place to help these new companies turn their concepts into reality. They can start from a clean sheet of paper then move into the engineering and design phase, flow into the process and manufacturing phase and all the way through to final paint and assembly. Now that’s a great position to be in at these early stages of such a massive disruption. SOURCE : Magna International: Innovative EV Start-Up Collaborator Disguised As An Old Dividend-Paying Parts Supplier, SimpliStk, SeekingAlpha seekingalpha.com
NYSE:MGALong
by TradingMavericks
PYPL : BLUE SKY / SWING TRADEDigital Payments remain a strong area of growth, riding on pandemic tailwinds encouraging a move towards a cashless society. Despite strong pressure from other third-party payment providers, PYPL has the competitive ammunition needed to thrive, driven by its two-sided merchant and consumer network. Nonetheless, there are some headwinds that investors should look out for which may limit the potential of PYPL moving into 2021. Current valuations on FY19 numbers reflect a neutral outlook, but the possibility of rejuvenated revenue streams from crypto and pandemic tailwinds can serve to revise estimates upwards. SOURCE : PayPal: A Protagonist In A Digitalizing World, 10 Jan 2021, BK Tan, SeekingAlpha seekingalpha.com
NASDAQ:PYPLLong
by TradingMavericks
AVAV : BLUE SKY / SWING TRADEAgEagle Aerial stock jumps in wake of AeroVironment's Arcturus deal AgEagle Aerial Systems (NYSEMKT:UAVS) shares fly up 21% after a $405M acquisition announced late yesterday in the unmanned aircraft systems space may be be raising investors' hopes for more consolidation in the industry. After Wednesday's close AeroVironment (NASDAQ:AVAV) agreed to acquire privately held Arcturus UAV in cash and stock. In the past year, UAVS shares have skyrocketed to $9.39 from 55 cents, with its ascent accelerating midyear amid speculation that the company was working with Amazon on a delivery drone. UAVS shares surge more than 1,000% in the past year. SOURCE : Jan. 14, 2021 4:02 PM ETAgEagle Aerial Systems, Inc. (UAVS)By: Liz Kiesche, SA News Editor, SeekingAlpha seekingalpha.com
NASDAQ:AVAVLong
by TradingMavericks
VUZI Blue Sky bias. This is absolutely not a picture perfect setup. The way price is going up is a little wilder than I like if I have thousands of stocks to choose from. The MACD is just there to show you I'm a serious trader. Bullish elements: It is technically a strongly bullish market, it has made a 52 week high repeatedly, and it is increasing OBV, with MA's moving upward. Sounds like a sweet deal. What's Bearish about it: What comes up goes down. Pullbacks are cutting deep and fast. If one of them gets follow through; say hello to the bears. RSI is showing Lower Highs. Anyone holding VUZI positions? Looking to jump into a new positions this week? Love to hear other perspectives. Comment Below! ---- I need 2 more followers to be at 69, I think that will give me favor in the eyes of the algorithm. I know it will. So if you feel the need to practice your obedience you can go ahead and fill that void by following my posts.
NASDAQ:VUZILong
by emehoke
2
Blue Skies For Algo This Year ? ALGO/BTC #algo $ALGO #Bitcoin Here we see our weekly ALGO Bitcoin chart . It's looking extremely nice for upside as it already hit a TD Sequential 9 in red and has gone up . You will notice the last resistance here above us seems to be near 6500 sats on the weekly chart and the last resistance on the daily chart is near 9153 sats which is also near the .236 fib . When we get above these levels we will be in price discovery mode - which is also known as " Blue Skies " . or a Blue Sky Breakout . Because there would be no more resistance above us to stop us ! This would probably bring us at least up to the .50 fib near 17600 and above that the .618 fib near 21600 . That would be at least 10x up from where we are right now - and possibly much more. Could be a Blue Sky year for ALGO !
by shimmeringpath
2
$300K Bitcoin? Check the April 2017 to December 2017 run...Bitcoin (BTC) is overbought on the weekly. Hard time to buy but everyone should own some bitcoin. Worldwide, if we gave away all the possible bitcoins, each person on earth would get allotted just 0.00268 Bitcoins which is called 268K satoshis Do you have yours portion yet? Funds are going to be gobbling them up when Bitcoin becomes easier to purchase for them. Few want to deal with cold storage secure key issues which is what you need to really own bitcoin. They will trade the paper that will drive up BTC's price to astronomical levels. 2017 deja vue although I missed it. Regardless of the overbought on the weekly for Bitcoin BTC, we are seeing a possible bullish pennant. With unlimited money printing, BTC has its ticket to run again through another 3 year cycle blue sky breakout. With the arrival of Bitcoin ETNs since November 2020 that are 100% backed with actual bitcoins, we have everything lined up to see a $304,000 Bitcoin in less than a year. 16.9X from April 2017 to Dec 2017 could repeat itself. This is not a prediction but look at the setup - it's a real possibility. ETNs listing will continue to offer fuel that could see BTC hit. Imagine investment funds being able to buy Bitcoin via a NYSE or Nasdaq listed ticker backed by an ETN? It's already happened in Germany. "VanEck has become the latest European ETF issuer to launch a bitcoin exchange-traded-note (ETN) on the Deutsche Boerse. The VanEck Vectors Bitcoin ETN (VBTC) is listed on the Xetra with a total expense ratio (TER) of 2%. VBTC tracks the MVIS CryptoCompare Bitcoin VWAP Close index which is directly linked the price of bitcoin. Fully replicated, VanEck is partnering with Bank Frick, a crypto custodian regulated in Liechtenstein, where the bitcoin are held in ‘cold storage’." Long term long, short term, buy the dips which will likely be driven by overvalued general market correction. Long term, sell anything paper on the manipulated financial markets and buy real assets. Bitcoin is the #1 real asset in digital money because it's distributed and peer-controlled. Just like the Internet protocols are. Stay safe .
BITSTAMP:BTCUSDLong
by UnknownUnicorn2413721
1
VET/USDT - A very BULLISH long term outlook on Vechain.After some previous ideas of trying to find the bottom with Vechain, I've decided to wait until a better set up arrives. Now that we've been waiting for some time now, we now have a lot of different patterns that could potentially give us a Blue Sky Breakout , one of the most fun breakout patterns in a ticker. Some of the patterns are a broadening top pattern, something that is similar to the SPX, this could either mean life or death for a ticker but in this case we have a bullish Falling Wedge pattern that gives us confluence that this broadening top pattern could be used as a bullish setup. This will mean that we need to watch resistance breakouts at 0.023 to 0.0267 levels to confirm this case. Another bullish confluence is the nice bounce off the monthly trendline and CAM R4, a bounce off CAM R4 is a big telltale sign of bullish continuation which adds on to the breakout of the falling wedge pattern. If these bullish patterns are confirmed then we'll be able to see a fun ride above the blue sky breakout levels. I will also keep an eye on other VET pairs, more importantly VETBTC and VETETH. Leave a like/comment if this idea helped you at all! I am not a financial advisor, trade at your own risk.
Long
by pjgonzales
3
$FHBC - STRONG WEEKLY BUY SIGNAL$FHBC - VERY SIMILAR TO $ENZC WEEKLY PATTERN, THIS ONE HAS MORE JUICE IN MY OPINION, DUE TO THE FACT THAT IT IS CURRENT ON OTC-MARKETS, HAS PRODUCTS IN STORES ALREADY, AND OVERALL A GOOD TRACK RECORD. VERY CHEAP AT THE MOMENT UNDER .002. MOST SUBS WILL RUN TO PENNIES, AND $FHBC HAS A STRONG BASE IN LOW SUBS NOW ON INCREASING VOLUME TO THE UPSIDE, REFER TO THE CHART I DID ON $ENZC (ALREADY UP OVER 1000% FROM ENTRY) AND YOU WILL SEE THE SAME PATTERN EMERGING
OTC:FHBCLong
by ilovestocks85
LINKBTC | Price Discovery | Bullish Price Action | Trade Setup Today's analysis – LINKBTC – consolidating near structural resistance, attempting to break out to new all-time highs. Points to consider: - Ascending triangle (bullish pattern) - Strong price action - S/R flip (trend continuation) - Price discovery (blue-sky breakout) - 20 EMA (visual guide) - Declining volume - Oscillators holding above 50 LINKBTC continues to hold and consolidate near the neckline of its multi-month ascending triangle (considered a bullish chart pattern). Although price has failed to break structural resistance, bulls are quick to buy up the rejection, indicating strength in the price action. An S/R flip at structural resistance will form a higher high in the chart and allow for a further trend continuation. Trend continuation will also indicate new all-time highs for LINKBTC as it enters price discovery mode. The 20 EMA acts as a visual guide upon strong trend continuation as it is respected by price action. Also assisting in trade management by helping define risk (trailing stop loss). Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being probable at the retest structural resistance. Both the RSI and stochastics are recovering from overbought conditions as they hold above 50 indicating strength and momentum remaining within the market. Oscillators need to range above 50 to support the bullish bias. Overall, in my opinion, a breakout is imminent. An S/R flip re-test of structural resistance with volume follow through validates a conservative entry for a long trade. What are your thoughts? If you’ve read this far - thank you for following my work!
Long
by Kudiiee
LINKBTC Range Resistance|Stoch Equilibrium|Declining VolumeEvening Traders, Today’s Analysis – LINKBTC – trading at key high time-frame levels, breaking above range resistance will lead to a blue sky breakout. Points to consider, - Trend bullish (consecutive higher lows) - Key Dynamic support - Range resistance (Pivot Point ) - RSI above 50 - Stochastics equilibrium - Declining volume Links weekly structure is bullish with consecutive higher lows respecting its dynamic support. Breaking this support will increase the probability of testing the range midpoint. Range resistance is a pivot point on the chart, weekly candle closes above this level will be bullish, historical price action has never closed, only managed wicks. The RSI is trading above 50 which has been maintained for over two years, breaking this level will be notable and bearish. Stochastics is trading in a valid equilibrium; price action will be backed with momentum as the stochastics breaks from its apex. Volume is clearly declining which is an indication of a breakout being imminent. Usually high time frame level breaks are backed with increasing volume. Overall, in my opinion, LINKBTC is at a pivot point on its chart, breaking above range resistance will increase the probability of a blue sky breakout. Price action needs to be backed with increasing volume for confirmation. What are your thoughts? Thank you for following my work! And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
Long
by AzizKhanZamani
4
NET SLINGSHOT / JACK IN THE BOXI know very little about CLOUDFLARE but I know a chart I like when I see one. This chart definitely have the candles that light the way to profitability. A nice reminder of what I learned from my mentor : TRADE WHAT YOU SEE or TRADE WHAT YOU KNOW? This is definitely a purely technical approach. Trade now ask questions later. This chart needs no complicated indicators or oscillators. It's purely PRICE ACTION with VOLUME at it's finest. But if you insist on confirmation, check out the MACD crossing up and OBV showing ever increasing buying pressure. Buy at the break of previous days high for potential 10% range expansion. And as always, manage your risk wisely.
NYSE:NETLong
by TradingMavericks
NVDA PRICE CHANNELWho doesn't know NVIDIA? If you're reading this, all you need to do is dismantle your PC and you'll certainly find components inside manufactured by the semiconductor manufacturer leader. Although price is at rich valuations, technical analysis shows a price channel intact while consolidating for the past four weeks setting up for a Blue Sky Breakout. It's not too late to participate in a potential explosive price action on this stock. Consolidation above the 20-day EMA is as solid as it can get. A counter trend break a few days ago validates what could potentially be a trend continuation. A false breakout last week is just an indication of buying interest on the stock. Similar to its competitor in the semiconductor sector is AMD with a much more volatile and longer consolidation and still hasn't broken its previous February high. This clearly cements NVDA's leadership in the sector.
NASDAQ:NVDALong
by TradingMavericks
2
LVGO BLUE SKY BREAKOUT to BOOMER SET UPAnother beneficiary of the shift towards Telemedicine and remote health monitoring because of COVID-19. Company has been doing exceptionally well even before the pandemic with increased insurance support providing subscription to several Fortune 500 companies. Increased institutional participation observed with high quality funds increasing their position on the issue. Technicals breaking out of the pattern resistance with OBV indicating increased buying pressure and RSI signals strong momentum for range expansion after pausing on the second half of the trading day. ADX >30 also confirming trend strength. Boomer set up observed on 2H chart giving an opportunity to participate on expansion breakout.
LLong
by TradingMavericks
TWLO BREAKOUTI posted an idea for TWLO two days ago and it looks like it's ready to continue its uptrend from a tight consolidation. It briefly established a new high today and the bluesy breakout set-up is potentially going ahead, if overall market sentiment remains bullish. This company has been on a tear since 2017 and has provided me a hefty 400% return since 2018. TWLO was my thesis in school and I learned about it's massive addressable market. Twilio provides CPaaS (Communication Platform as a Service) and has a large moat being an early mover. It's impressive growth are as follows: Sector Median % Diff. to Sector Revenue Growth (YoY) 67.91% 7.24% 838.52% Revenue Growth (FWD) 43.11% 6.38% 576.22% Operating CF Growth (FWD) 117.24% 10.32% 1,035.68% The work from home shift and growing adoption of e-commerce serves as a tailwind for its rich valuation as the market is pricing in its profitability. On Technical Analysis: MACD has yet to cross up for a conviction buy. However, On Balance Volume (OBV) Oscillator reacts faster than the MACD indicating an increased buying pressure and has broken out from the trend line on the daily chart. Zooming in on the 4H charts signals the beginning of a rally. Price has also broken out from a tight range. Reasonable price objectives are set on the chart. I hope this helps. Good luck and happy trading!
NYSE:TWLOLong
by TradingMavericks
TTD BLUE SKY BREAKOUT to SLINGSHOTTTD went through a 10 day consolidation after breaking out from 316 to 370. Currently set up for a potential slingshot to hit 400. Price is looking strong holding its footing above the 10 day EMA. Fundamentals are showing accelerating revenues and expanding margins due to its resilience to the pandemic and mostly benefiting from the shift to work from home and e-commerce. One of the few high growth stocks that's taking a slice of Facebook and Google market share in advertising. With revenue growth of 37% YoY and top margins of 76% compared to sector median of 7.24%, this is definitely one for the long haul. Let me know your thoughts and best of luck on your trades.
NASDAQ:TTDLong
by TradingMavericks